A major exchange just released its comprehensive 2025 year-end report. The findings touch on several critical areas shaping the industry right now—institutional trust metrics, market liquidity conditions, Web3 ecosystem developments, regulatory shifts across jurisdictions, and broader adoption trends. For anyone tracking how the trading landscape is evolving, this breakdown offers solid data points on where we stand heading into 2026. The report pulls together observations on everything from institutional participation to DeFi integration, giving a solid snapshot of where market infrastructure stands.